#commercial-real-estate-market

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www.mercurynews.com
1 month ago
East Bay (California)

San Jose office building is seized by lender as real estate woes widen

San Jose office building foreclosed due to delinquent loan.
Property previously owned by Alviso Park now owned by lender due to foreclosure. [ more ]
therealdeal.com
3 months ago
LA real estate

SteelWave and Barings Give El Segundo Building to Lender

SteelWave and Barings have surrendered a 164,400-square-foot office building in El Segundo to a lender after facing $53.1 million in troubled debt tied to the property.
The affiliate, San Mateo-based 2160 GRAND PO, borrowed $69.6 million from New York-based New York Life to revamp the property, and the renovation was completed in 2022. [ more ]
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